Morningstar (MORN) EV to FCF (2009 - 2026)
Morningstar's (MORN) quarterly EV to FCF came in at 43.5 in Q2 2026, down 78.62% year-over-year from 203.51 in Q2 2025, and down 60.45% quarter-over-quarter from 110.01 in Q1 2026.
Analysis
Morningstar (MORN) EV to FCF (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported EV to FCF for 18 consecutive years, with 43.5 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 78.62% year-over-year to 43.5 in Q2 2026; TTM through Jun 2026 was 10.71, a 67.12% decrease from a year earlier, with the FY2025 full-year figure at 18.32, down 40.78% from the prior year.
- EV to FCF was 43.5 for Q2 2026 at Morningstar, down from 110.01 in the prior quarter.
- Over five years, EV to FCF peaked at 266.46 in Q2 2022 and troughed at 2475.1 in Q1 2022.
- A 5-year average of 182.38 and a median of 105.56 in 2023 frame the typical range for EV to FCF.
- The widest YoY moves for EV to FCF: up 172.13% in 2022, down 1212.75% in 2022.
- Over 5 years, EV to FCF stood at 130.36 in 2022, then declined by 15.73% to 109.85 in 2023, then advanced by 12.06% to 123.1 in 2024, then slumped by 59.17% to 50.26 in 2025, then retreated by 13.45% to 43.5 in 2026.
- The last three EV to FCF figures came in at 43.5 (Q2 2026), 110.01 (Q1 2026), and 50.26 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 130.73 Bn | 131.62 Bn | 2.98 Bn |
| 2 | Moodys | 85.51 Bn | 84.15 Bn | 1.67 Bn |
| 3 | Msci | 41.67 Bn | 41.32 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 24.18 Bn | 23.63 Bn | 572.90 Mn |
| 5 | Factset Research Systems | 10.80 Bn | 10.50 Bn | 310.73 Mn |
| 6 | Morningstar | 7.86 Bn | 7.33 Bn | 423.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.50 |
| Mar 31, 2026 | 110.01 |
| Dec 31, 2025 | 50.26 |
| Sep 30, 2025 | 56.94 |
| Jun 30, 2025 | 203.51 |
| Mar 31, 2025 | 207.24 |
| Dec 31, 2024 | 123.10 |
| Sep 30, 2024 | 83.98 |
| Jun 30, 2024 | 101.28 |
| Mar 31, 2024 | 214.66 |
| Dec 31, 2023 | 109.85 |
| Sep 30, 2023 | 95.05 |
| Jun 30, 2023 | -1,376.70 |
| Mar 31, 2023 | -1,353.07 |
| Dec 31, 2022 | 130.36 |
| Sep 30, 2022 | 125.89 |
| Jun 30, 2022 | 266.46 |
| Mar 31, 2022 | -2,475.10 |
| Dec 31, 2021 | 134.40 |
| Sep 30, 2021 | 115.55 |